Frontline CEO projects billion-dollar profit

Frontline's chief exec believes that the company can make a profit of more than USD 1 billion after taxes in 2020. "The prospects are historically strong," he tells Dagens Næringsliv.

Photo: Frontline / PR

While most shipping companies are looking into a challenging 2020, tanker ship operators could be headed for one of their best years ever.

The price war between Saudi Arabia and Russia means that there are currently being pumped massive amounts of oil into the global market.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs